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South Valley Cement to add new production line

South Valley Cement to add new production line
Photo Credit: Arabianeye - Reuters
South Valley Cement
SVCE
-0.51% 1.94 -0.01

Cairo-Mubasher: The board of directors of South Valley Cement approved to establish a second production line to produce cement and clinker said a bourse statement.

The new line will boost the company's cement production capacity from 1.6 million ton to 1.7 million ton.

The cement producer saw net profits of EGP 32.25 million in the first quarter of 2015, up 2.7% from the similar period of the previous year.

The firm is capitalised at EGP 2.4 billion, distributed across 482.3 million shares at EGP 5 par value each.